Co-founder Of Dischem Ivan Saltzman Set To Step Down As The Company’s CEO
Co-founder Of Dischem Ivan Saltzman Set To Step Down As The Company’s CEO. Leading retail pharmacy group in South Africa Dischem has announced that its co-founder Ivan Saltzman is set to step down as the company’s CEO effective by the end of June 2023.
The company said in a statement, “Shareholders are advised that Ivan Saltzman, who co-founded Dis-Chem with his wife Lynette in 1978, has announced that he will step down as Chief Executive Officer (“CEO”) at the end of June 2023. Saltzman will remain an executive director on the Board and continue to serve as an active member of the executive management team, with his role including an emphasis on the Group’s commitment to accelerate retail space growth, together with a concentrated focus on the trade of the retail store network.”
Rui Morais (38), who is currently the Group’s Chief Financial Officer was announced as the successor to CEO Saltzman and will assume the role of CEO effective from the 1 st of July 2023. Morais joined the Group in 2010 and has been in the role of CFO and a member of the executive leadership team since August 2012. He has been integrally involved in the development of the Group’s strategy over the past 11 years.
Outgoing CEO, Ivan Saltzman, said: “Over the course of the past 45 years, Lynette and I have grown the business from a single store to what is today, the largest retail pharmacy chain by market share in South Africa, with a network of over 300 retail stores and over 20 000 staff. I am confident in, and supportive of the future leadership of the Group who share the same commitment to the brand fundamentals that Lynette and I do. Together with Lynette, I look forward to doing what I enjoy – spending time in the stores, and ensuring that our staff continue to provide the value and service that has made the brand what it is today. I will continue to identify opportunities to expand our store footprint.”
Julia Pope (42), who is the current executive head of finance, will succeed Morais as CFO. The Group’s commitment to inclusion, diversity, and transformation, ensured that Pope’s period of six years with the Group prepared her for this leadership and management role. Pope, who has 19 years of retail experience, and has been working side-by-side with, and under the supervision of Morais since her appointment in 2017 and will assume her new role as CFO and an executive director on the Board effective from the 1st of July 2023.
Incoming CEO, Rui Morais said: “I am excited and privileged to be given the opportunity to lead the Dis-Chem Group. I thank the Saltzman family, the founding shareholders, and the Board, for entrusting me with this responsibility. During my time with the Group, I have experienced the leadership philosophy that has built the Dis-Chem brand – obsessive focus on delivering value and access to healthcare for our patients and customers. That philosophy, which is well entrenched within our management team and staff, together with recent strategic investments, underpin our ambition of building an integrated healthcare ecosystem. As an important healthcare service provider, and the ‘front door’ to healthcare delivery, the Group is well positioned to deliver on its mandate of increasing access to quality and affordable private healthcare to more South Africans, and in so doing, reinforcing the Dis-Chem brand as South Africa’s healthcare authority and delivering differentiated returns to our shareholders who share this long-term vision.”
